TECT announces new rebate payment options

Eligible TECT consumers now have the option to receive their TECT rebate direct into their bank account. The change means rebates will no longer be paid via cheque.

The new payment method is one of three options available to TECT consumers to receive the rebate. They also have the option to get the rebate credited to their Trustpower power account or gifted to the Acorn Foundation Vital Impact Fund.

Consumers can select their preferred payment option via the Trustpower website through their MyAccount. Instructions on how to confirm a rebate payment option were sent to consumers in the post this week and are detailed on the TECT website.

TECT General Manager Wayne Werder says the new payment approach would provide greater choice to people, and less complications receiving rebates.

“This is a logical step towards making it easier for consumers to receive the rebate—they no longer need to go to the bank or worry about cheques going missing in the post.”

Acorn Foundation General Manager Lori Luke says they are excited about partnering with TECT to offer consumers the chance to gift their rebate to the Vital Impact Fund.

“The Vital Impact Fund invests donations, and interest earned from these investments is distributed each year to community organisations that support the Western Bay’s most pressing needs – so donations keep growing and giving forever. It provides an amazing opportunity to make a long-lasting impact.”

Consumers who gift their rebate to Acorn Foundation’s Vital Impact Fund will receive a donation receipt to claim their 33.3 per cent tax credit.

Still Waiting

Posted on 25-04-2019 18:49 | By Cynical Me

Still waiting for my letter to come.
Oh and while we are talking about TECT, how about the distribution of the funds.
The new proposal is to steal from the customers more of their money. No option to opt out at all. Poor governance, the choice should lie with the customer of Trustpower via TECT.
Been a customer of the previous elements of Trustpower going back to 1974. Out of there when my current term expires. That’s 4 accounts moving. Done my bit for others and am feeling a bit ripped off.

but...

Posted on 25-04-2019 12:11 | By Jem762

You are still twice as expensive as other power companies! Believe me, we just switched!